IRS Cryptocurrency Letter Response | Help with CP2000, CP2501, and More

Got a Letter from the IRS? Our Crypto Tax Pros Can Help!

Have you received an IRS cryptocurrency letter claiming you owe taxes or need to consider making corrections? Do you need help responding to the notice? We’ve helped many clients in this exact situation and have successfully reduced their IRS bills by thousands or even hundreds of thousands!

We’ll get to work fast to resolve your crypto tax problem before it escalates. Don’t wait; contact us online or call (847) 580-1279 now for a confidential consultation!

Responding to IRS Cryptocurrency Letter CP2000: Notice of Suspected Tax Debt

If you receive a CP2000 notice, don’t wait to contact our crypto tax attorneys. Unlike other cryptocurrency letters from the IRS, the CP2000 states the amount that the IRS thinks you owe, including interest and penalties.

The good news? For cryptocurrency investors, that number is usually way off base. We can help you respond to this notice and, in most cases, prove that you actually owe much less. We’ve even had some clients whose losses result in a refund!

But you need to act fast before the proposed debt becomes final and the IRS begins collection measures.

The IRS crypto letter CP2000 includes a response deadline. If you don’t respond in time, the IRS’s proposed amount becomes final. It becomes more and more difficult (and costly) to contest this notice past the deadline. Not to scare you, but once a tax balance is assessed, the IRS can take many steps to collect, such as garnishing wages, levying assets, and placing a tax lien on your home or car.

Contact us today to nip this pesky problem in the bud!

Responding to a CP2501 Notice

If you received a CP2501 Notice, that means the information reported to the IRS by third parties does not match the information you reported on your tax return.When it comes to crypto, this often means that one of your cryptocurrency exchanges reported information about you to the IRS, but you didn’t include this cryptocurrency income on your tax return.

Notice CP2501 doesn’t include how much tax the IRS thinks you owe, but it will likely be followed up by a Notice of Deficiency if you don’t act in time. Responding to your CP2501 Notice quickly is key to getting a favorable resolution.

If you’ve received this cryptocurrency letter from the IRS, don’t wait. Fill out our online form or call (847) 580-1279 now to get help from our experienced crypto tax lawyers!

Andrew Gordon, Esq.
Partner; Crypto Tax Attorney and CPA

Why Choose Gordon Law Group to Help with Your Crypto IRS Letter?

Unbeatable Experience: Our team, led by tax attorney and CPA Andrew Gordon, has been focusing on cryptocurrency taxes since 2014.
Crypto Native: We accept payments in BTC and ETH.
Powerful Results: Check out our 100+ 5-star reviews on Google!

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Submit your information to schedule a confidential consultation, or call us at (847) 580-1279

Responding to IRS Cryptocurrency Letter 6323: Notice of a Tax Audit

Have you received Letter 6323 from the IRS? That means a tax audit is coming, and your cryptocurrency investments could throw a wrench in the process. Although Gordon Law Group has been practicing cryptocurrency tax law since 2014, most tax professionals—including IRS audit examiners—are still struggling to catch up to this complex field.

Learn more about cryptocurrency audits and how we can help, or contact our tax attorneys now for a confidential consultation. We’ve helped 100s of clients with complex audits!

Responding to a CP90 Notice: Intent to Seize Assets

If you receive Notice CP90 from the IRS, there’s no time to lose; call our tax attorneys immediately at (847) 580-1279 to stop the IRS from seizing your assets!

This is the final warning before the IRS begins extreme collection measures for unpaid tax debt (including cryptocurrency tax debt). If you ignore the letter, the IRS could place a lien on your house or car; contact your employer to begin garnishing wages; legally take control of your cryptocurrency holdings; or even levy funds directly from your bank account.

But it’s not too late to stop these worst-case scenarios. If you’ve received this IRS cryptocurrency letter, contact our experienced attorneys now and we’ll guide you through the Due Collections Process to tackle the problem. Let’s turn that looming tax debt into a thing of the past!

Responding to IRS Notice CP518 for Cryptocurrency Investors: Notice of Unfiled Tax Returns

Many cryptocurrency investors may receive a CP518 Notice due to unfiled tax returns. Failing to respond often means the IRS will prepare a tax return for you with the information it has available, called a Substitute For Return.

For crypto traders, that’s usually very bad news: The information reported to the IRS by third-party sources tends to make your capital gains look much higher than they really are, leading to a higher tax bill.

If you receive IRS Letter CP518 and want help filing your tax returns correctly—including a full crypto tax report to prove the correct amount of capital gains—contact the experienced tax attorneys at Gordon Law Group!

Responding to IRS Letters 6173, 6174, and 6174-A

Letter 6174 and 6174-A

If you’ve received Letter 6174 or 6174-A and you’re not 100% sure you’ve met your filing obligations, you’d be wise to amend past tax returns and report your cryptocurrency correctly going forward.

These IRS cryptocurrency letters are considered soft notices to suspected investors in virtual currency. Letters 6174 and 6174-A indicate that the IRS believes you have unreported cryptocurrency activity. These letters do not require a response, but they do alert you that the IRS is watching.

Want to discuss your IRS risk with a cryptocurrency tax attorney? Give us a call at (847) 580-1279 for a confidential consultation!

Letter 6173

IRS Letter 6173 requires a response. This warning letter indicates that the IRS has reason to believe you’ve had cryptocurrency that wasn’t properly reported on your tax returns. It also notes that you may be referred for examination (meaning a cryptocurrency tax audit) if you don’t respond by the deadline.

If you receive IRS Letter 6173, contact our crypto tax attorneys right away. We’ll get to work fast to correct any reporting errors, and get you squared away before the IRS escalates to an audit!

“I engaged Gordon Law Group to handle a complex IRS issue for me. [They] got the job done SAVING me HUNDREDS OF THOUSANDS OF DOLLARS!!! They are here to listen, help, and resolve. I highly recommend Gordon Law Group if you are facing any IRS issue yourself.”

-Ralph B

John Nagle, Esq.
Manager – Tax Controversy

Contact Gordon Law Group

Submit your information to schedule a confidential consultation, or call us at (847) 580-1279

IRS Cryptocurrency Letter Response | Help with CP2000, CP2501, and More

Got a Letter from the IRS? Our Crypto Tax Pros Can Help!

Responding to IRS Cryptocurrency Letter CP2000: Notice of Suspected Tax Debt

Responding to a CP2501 Notice

Why Choose Gordon Law Group to Help with Your Crypto IRS Letter?

Contact Gordon Law Group

Responding to IRS Cryptocurrency Letter 6323: Notice of a Tax Audit

Responding to a CP90 Notice: Intent to Seize Assets

Responding to IRS Notice CP518 for Cryptocurrency Investors: Notice of Unfiled Tax Returns

Responding to IRS Letters 6173, 6174, and 6174-A

Letter 6174 and 6174-A

Letter 6173

Contact Gordon Law Group

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Contact Gordon Law Group